First Citizens Bank & Trust Co. Sells 1,700 Shares of Alamos Gold Inc. (NYSE:AGI)

First Citizens Bank & Trust Co. decreased its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,046 shares of the basic materials company’s stock after selling 1,700 shares during the period. First Citizens Bank & Trust Co.’s holdings in Alamos Gold were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AGI. Cheviot Value Management LLC lifted its holdings in shares of Alamos Gold by 2.0% during the 4th quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company’s stock valued at $699,000 after purchasing an additional 1,000 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in Alamos Gold by 3.6% in the fourth quarter. Natixis Advisors L.P. now owns 32,588 shares of the basic materials company’s stock worth $438,000 after acquiring an additional 1,137 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Alamos Gold by 20.7% during the first quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock worth $103,000 after acquiring an additional 1,200 shares during the last quarter. Easterly Investment Partners LLC boosted its stake in Alamos Gold by 0.9% in the 1st quarter. Easterly Investment Partners LLC now owns 276,237 shares of the basic materials company’s stock worth $4,074,000 after purchasing an additional 2,585 shares in the last quarter. Finally, Baldwin Brothers LLC MA purchased a new stake in Alamos Gold during the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

AGI has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price target on shares of Alamos Gold from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, July 12th. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Scotiabank boosted their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Monday. Finally, Royal Bank of Canada increased their price target on Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.06.

Alamos Gold Price Performance

AGI opened at $19.87 on Wednesday. The firm has a fifty day moving average price of $16.85 and a 200 day moving average price of $15.27. Alamos Gold Inc. has a 1 year low of $10.78 and a 1 year high of $20.24. The stock has a market cap of $7.93 billion, a P/E ratio of 38.28, a P/E/G ratio of 0.78 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The firm had revenue of $332.60 million during the quarter, compared to analysts’ expectations of $282.78 million. Alamos Gold had a return on equity of 8.63% and a net margin of 17.73%. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. Equities analysts expect that Alamos Gold Inc. will post 0.72 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s dividend payout ratio (DPR) is 19.23%.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.